SPDR GOLD TRUST - Daily - Technical analysis published on 09/19/2023 (GMT)
- 88
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 177.11 USD
My targets
184.59 USD (+2.90%)
187.98 USD (+4.79%)
My analysis
SPDR GOLD TRUST is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 177.11 USD, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 184.59 USD. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 187.98 USD would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 190.44 USD. Beware of a possible return to under the support located at 177.11 USD which would be the sign of a correction of the bullish excesses registered in the short term.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
3.6
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by hedgemats. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SPDR GOLD TRUST price is 179.39 USD. The price has increased by +0.59% since the last closing and was traded between 178.38 USD and 179.41 USD over the period. The price is currently at +0.57% from its lowest and -0.01% from its highest.178.38
179.41
179.39
Here is a more detailed summary of the historical variations registered by SPDR GOLD TRUST:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of SPDR GOLD TRUST in Daily shows an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
In fact, only 9 technical indicators out of 18 studied are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 166.67 | 173.61 | 177.11 | 179.39 | 180.28 | 184.59 | 187.98 |
| Change (%) | -7.09% | -3.22% | -1.27% | - | +0.50% | +2.90% | +4.79% |
| Change | -12.72 | -5.78 | -2.28 | - | +0.89 | +5.20 | +8.59 |
| Level | Major | Major | Major | - | Major | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 177.68 | 178.03 | 178.71 | 179.06 | 179.74 | 180.09 | 180.77 |
| Camarilla | 179.11 | 179.20 | 179.30 | 179.39 | 179.48 | 179.58 | 179.67 |
| Woodie | 177.85 | 178.11 | 178.88 | 179.14 | 179.91 | 180.17 | 180.94 |
| Fibonacci | 178.03 | 178.42 | 178.67 | 179.06 | 179.45 | 179.70 | 180.09 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 177.68 | 178.03 | 178.71 | 179.06 | 179.74 | 180.09 | 180.77 |
| Camarilla | 179.11 | 179.20 | 179.30 | 179.39 | 179.48 | 179.58 | 179.67 |
| Woodie | 177.85 | 178.11 | 178.88 | 179.14 | 179.91 | 180.17 | 180.94 |
| Fibonacci | 178.03 | 178.42 | 178.67 | 179.06 | 179.45 | 179.70 | 180.09 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 169.72 | 172.33 | 176.17 | 178.78 | 182.62 | 185.23 | 189.07 |
| Camarilla | 178.25 | 178.84 | 179.43 | 180.02 | 180.61 | 181.20 | 181.79 |
| Woodie | 170.35 | 172.64 | 176.80 | 179.09 | 183.25 | 185.54 | 189.70 |
| Fibonacci | 172.33 | 174.79 | 176.31 | 178.78 | 181.24 | 182.76 | 185.23 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 56.02 | |
| MACD (12,26,9): | -0.1400 | |
| Directional Movement: | 3.43 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 178.00 | |
| Parabolic SAR (0,02-0,02-0,2): | 179.85 | |
| Elder Ray (13): | 0.68 | |
| Super Trend (3,10): | 176.55 | |
| Zig ZAG (10): | 179.39 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 40.76 | |
| TEMA (21): | 178.28 | |
| Williams %R (14): | -36.34 | |
| Chande Momentum Oscillator (20): | -0.93 | |
| Repulse (5,40,3): | 0.3300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.20 |
| MA7: | 177.99 | |
| MA20: | 178.21 | |
| MA50: | 179.29 | |
| MA100: | 180.89 | |
| MAexp7: | 178.26 | |
| MAexp20: | 178.27 | |
| MAexp50: | 178.92 | |
| MAexp100: | 179.00 | |
| Price / MA7: | +0.79% | |
| Price / MA20: | +0.66% | |
| Price / MA50: | +0.06% | |
| Price / MA100: | -0.83% | |
| Price / MAexp7: | +0.63% | |
| Price / MAexp20: | +0.63% | |
| Price / MAexp50: | +0.26% | |
| Price / MAexp100: | +0.22% |
Quotes :
-
15 min delayed data
-
NYSE MKT Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis SPDR GOLD TRUST - Daily